Machine Tools Market in US 2017-2021

A machine tool is defined as a machine for shaping and machining metals or other rigid materials in a wide range of industrial applications. These tools are extensively used across the automotive, aerospace, and electronics industries.

Technavio's analysts forecast the machine tools market in the US to grow at a CAGR of 4.34% during the period 2017-2021.

Covered in this report The report covers the present scenario and the growth prospects of the machine tools market in the US for 2017-2021. To calculate the market size, the report considers the new installations, sales, value and retrofit, replacement, spares, aftermarket, services market.

Technavio's report, Machine Tools Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?

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